Introduction
In some cases, you may get an accident, fall sick or lose your job when in the course of repaying your loans. Payment Protection insurance will help you to pay your loans for a year in the event that you are caught up in the above situations. The PPI can be mis-sold prompting you to seek compensation and this is where you need the PPI claim form.
The description
The questionnaire is divided into six sections: A-F. It requires that you fill from section A that contains your personal details to the final section that has got your declaration about the claim. You do not have to go for the form physically from Ombudsman because you can get the form online for free. In just a click you got the form.
Completion of the PPI claim form
In order for the information you submit to be accepted, every detail must be correct right from the first page to the eleventh one. Most of the pages are straight forward to fill because they are self-explanatory. However, there are two parts that confuse many people –questions A4 and C1. The reason is that they both require that you submit account numbers.
Note that question A1 requires that you disclose the policy number of the PPI itself. On the contrary, question C1 asks you to submit the policy number of the loan or mortgage that is related to the PPI in question.
This is where you don’t throw caution into the winds. If you are not sure what the account numbers are, please seek to collect them from the creditors before you begin the claim. You can obtain the account numbers by submitting the Subject Access Request (SAR) to your creditor who in turn will provide the agreement details of you loan or mortgage.
Having your account numbers at the beginning of the claim is beneficial for the flow of your claim. This is because; there are limited opportunities for those who can start claims without the account numbers. Other information about the other loan agreements that you have made previously can be obtained after running a credit check.You compensation claim will be easy from there.
Caution
Given the fact that the claim form is so long it is advisable that you prepare well for you to fill the form fully and with the relevant information. You cannot therefore seek to complete it in a few seconds. It is a whopping 11 pages thing so you must open your eyes and make no mistakes. Set aside enough time that and this time should be disturbance free so as to fill in the required information keenly and devoid of mistakes.
However, you should try as much as possible to avoid some of the middlemen in the financial market. It is an open secret that they have been advertising themselves through media and may tempt you to seek their assistance. By avoiding their services, you will avoid charges on the service and loss of part of your claim. Try to seek the help of middlemen at your own peril.
Seek help to fill the PPI claim form
If you realize that you are not able to fill the form in the required ways then do not hesitate. You can call relevant authorities that can help you with the information on how you can feel the form fully. This move can save you time in completing the form instead of spending hours wading your hand through darkness. It also will save you from the stress of having to correct information now and again.
Assistance of this nature can also be beneficial in cases where you are not sure how to calculate amounts owed to you. For instance if you mis-sold a PPI, you can get guidance on how you can calculate the likely amounts that are accrued to you.
Conclusion
Filling a PPI claim form is a skill and you need to know how it is done. It is therefore of essence that you learn how to do it before you fill it so as to save time and be stress free when completing the exercise. This will help you keep up the payments of your loans as well as claim compensation if you think you have been mis-sold.
